L'Oréal Q3 Sales Beat Forecasts With 7.7% Growth

How much did L'Oréal beat sales expectations?

Adjusted like-for-like sales growth exceeded the Visible Alpha analyst consensus by 1.8 percentage points. Reported sales increased 11.9%, while unadjusted like-for-like growth was 7.2%.

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Why does L'Oréal's sales growth matter for investors?

Stronger demand for premium haircare, fragrances and skincare supports L'Oréal's ability to grow sales through both product mix and volume. The results strengthen its growth outlook, although quarterly profit and margin figures were not included in the sales announcement.

Which businesses drove L'Oréal's third-quarter growth?

Professional Products and Dermatological Beauty each grew 13.9% on an adjusted like-for-like basis. L'Oréal Luxe grew 7.0%, supported by fragrances and recovering premium skincare demand.

Is demand recovering in China?

Yes. L'Oréal reported stronger third-quarter momentum in China, where its sales grew almost three times faster than the local beauty market. North Asia recorded 7.8% adjusted like-for-like growth.

How did L'Oréal stock react to the sales beat?

L'Oréal shares opened 4.8% higher on October 23, 2026, and were up 3.2% at €426.60 by 07:10 GMT. The sales beat supports investor confidence in growth, but future share performance will also depend on profitability and valuation.

What should L'Oréal investors watch next?

Investors should watch whether premium beauty demand and China's recovery sustain fourth-quarter growth. CEO Nicolas Hieronimus expressed confidence in delivering full-year sales and profit growth, but the October 22 announcement did not quantify an updated profit forecast.